Building Iowa's Communities Through Philanthropy
The Iowa Gaming Association, in partnership with the Iowa Council of Foundations, released its 2015-2016 annual report this week. The report provides an overview of how Iowa’s commercial gaming industry supports communities in every county of our state. At a glance, the gaming industry combined to distribute more than $88 million to qualified Iowa nonprofits across the state.
Counties without Casinos Benefit from the County Endowment Program
Now in its eleventh year, the County Endowment Program is funded with .08% of the state’s commercial gaming tax revenue, and the money is distributed to the 84 counties without casinos. In 2015-2016, $11.19 million was distributed, bringing the total since the program’s inception in 2004 to more than $79 million in grants to nonprofits and charitable projects.
The annual report showcases a county-by-county listing of each grant awarded in 2015-2016, which impact programs in arts and culture, education, societal benefits, healthcare and human services, and the preservation of our environment.
Here are some key takeaways from this year's report on the County Endowment Program:
- 2,120 grants funded
- $8.4 million awarded
- $2.7 million set aside for future endowments
Counties with Casinos Received $80.4 Million in Grants
The report also details the 19 commercial casinos' involvement in their respective 15 counties, which includes portions of gaming revenue distributed through qualified sponsoring organizations. These 15 counties were awarded 1,342 grants totaling $80.4 million in 2015-2016.
This uniquely Iowa legislative innovation utilizes gaming tax revenue and ensures that citizens in every county across the state benefit from commercial casinos while keeping Iowa an ideal place to live, work and raise families.